Juniper Delivers YoY Revenue Growth and Earnings Expansion
Apr 26, 2017
We announced 2017 Q1 preliminary financial results, reporting net revenues of $1,221.0 million, an increase of 11% year-over-year and a decrease of 12% sequentially. In response, Rami commented, "We had a positive start to 2017, delivering strong year-over year revenue and earnings growth. I am proud of the strength of our product and solution portfolios, pleased with the diversification of our customer base, and confident in our ability to execute to our strategy. We continue to drive strong momentum with cloud solutions across our key verticals."
Next week at NFV World Congress, May 2-5, Juniper will demonstrate secure SD-WAN, built on the industry’s most dynamic service creation platform through Cloud CPE that combines WAN, virtual managed services and telco cloud with advanced security, automating the entire service delivery workflow. Catch us at booth #33 to learn more!
This month we announced two customer wins: NET The Netherlands and CloudSeeds. Broadcast company, NET The Netherlands, is now supported by Juniper to deliver next generation, cloud-based TV production services. Cloud provider, CloudSeeds, will utilize Juniper's SDN, networking and security portfolio to provide an IaaS foundation with the Juniper AppFormix analytics solution. See featured content below for more detail on these recent customer wins and our Q1 financial results.
Juniper Networks Reports Preliminary First Quarter 2017 Financial Results
Juniper reported preliminary financial results for the three months ended March 31, 2017. Net revenues for the first quarter of 2017 were $1,221.0 million, an increase of 11% year-over-year and a decrease of 12% sequentially. Juniper's GAAP operating margin for the first quarter of 2017 was 12.8%, a decrease from 13.5% in the first quarter of 2016, and a decrease from 20.7% in the fourth quarter of 2016. Non-GAAP operating margin for the first quarter of 2017 was 20.8%, an increase from 19.3% in the first quarter of 2016, and a decrease from 26.5% in the fourth quarter of 2016. Juniper posted GAAP net income of $108.8 million, an increase of 19% year-over-year, and a decrease of 42% sequentially. GAAP diluted earnings per share for the first quarter of 2017 was $0.28. Non-GAAP net income was $178.0 million, an increase of 25% year-over-year, and a decrease of 30% sequentially. Non-GAAP diluted earnings per share for the first quarter of 2017 was $0.46.
NEP The Netherlands Transforms its IP-Based Production Platform with Innovative Solutions from Juniper Networks
Juniper announced that NEP The Netherlands, world leading media technology specialist, is using Juniper Networks’ high-performance solutions to create the world’s first IP multi-camera production platform for TV. The company is now expanding that platform further by adding more applications on air, with more flexibility, efficiency and in the best quality. Juniper Networks® QFX Series switching technology was chosen by NEP to deliver innovative television services, including 4K video on demand, interactive split screen and 360-degree virtual reality.
Transforming its production systems from a traditional broadcast Serial Digital Interface (SDI) environment to future-proof, cloud-based open IP platforms enable faster service delivery, lower total cost of ownership, and more flexibility for NEP and its clients. For example, cloud-based production enables flexible deployment of key directing elements, such as the director's control room, audio, video and EVS operator at the studio site. For further reading, please see the official press release.
CloudSeeds Selects Juniper Networks' Solutions for Self-Serve, Agile Business Services
CloudSeeds™, a provider of flexible hosted and on-premises clouds, is building a new infrastructure for its portfolio of turnkey Infrastructure as a Service (IaaS) data center solutions, based on Juniper’s Contrail® Networking software-defined networking (SDN) solution. CloudSeeds’ overriding aim is to create reusable, automated physical and virtual cloud infrastructures, enabling its customers to focus on their core business and to derive significant IT cost savings.
Juniper’s technology will help enable a wide range of innovative, user-driven, flexible business services for CloudSeeds’ service provider and enterprise customers across the spectrum of vertical industries. CloudSeeds will create fully hosted and managed cloud services that ensure data is kept within national boundaries, allowing it to fully comply with German law.
This service offering will include a fully-automated test lab environment, incorporating advanced analysis and trouble-shooting capabilities utilizing machine learning, advanced telemetry and big data analytics systems powered by Juniper AppFormix. This technology enables CloudSeeds to provide automated, predefined service level agreements (SLAs) for its customers, monitoring the operation and performance of applications across its software-defined infrastructure in real-time. For further reading, please see the official press release.